Bitcoin for Utility Bills now
Chandler, Arizona, will now take PayPal-held bitcoin, ether and litecoin for utility payments.
A city in Arizona is allowing its residents for paying their utility bills in bitcoin (BTC) and ether (ETH) in the latest example of municipal governments accepting cryptocurrencies.
On Wednesday, a Phoenix suburb named Chandler said that residents can now pay in bitcoin, ether and litecoin (LTC) held in their PayPal (PYPL) accounts. But a press release said that the city will not ever touch those coins; its utility payments processor Invoice Cloud will sell it all for fiat.
In a press release, City Council member Mark Stewart said that it’s important to serve residents with the latest technology, such as crypto payments. But it was not clear at press time whether anyone in the city of 250,000 had begun using the option.
Chandler is not the first U.S. city to bring crypto payments within utilities. Mercedes, Texas also voted to research this subject in November, months after Williston, North Dakota, brought its offering online. Both are orders smaller in number than Chandler, a city of over 273,000.
Chandler chose PayPal so that billpayers can’t use their self-custodied coins. PayPal’s crypto service doesn’t let digital assets in or out.